Tuesday, July 17News That Matters

Policies

Cabinet apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation

Cabinet apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation

Policies
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation. A historic milestone in the Indo-Danish Science and Technology relationship was reached on 22ndMay 2018 through signing of an Agreement on Cooperation in the field of Science, Technology and Innovation between India and Denmark. Benefits: This will open a new chapter in bilateral relations as both sides will now leverage complementary strengths spurred by a significant convergence of mutual interests in Science, Technology and Innovation. The objective of the Agreement is to encourage, develop and facilitate co­operation between India and Denmark in fields of common interest within Science, Te
Cabinet apprised of the MoU between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying

Cabinet apprised of the MoU between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying

Policies
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) signed between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying. The MoU was signed on 16.4.2018. The MoU aims to develop bilateral cooperation in the field of Animal Husbandly and Dairying for the purpose of broadening the existing knowledge base on dairy development and institutional strengthening. A Joint Working Group (JWC) consisting of representatives of each party shall be created to formulate joint programmes, facilitate cooperation and consultation and subsequent evaluation. Danish partnership is expected to facilitate exchange ofknowledge & expertise in the areas of animal breeding, animal health and dairying, fodde...
Cabinet approves MoU between India and Singapore on Cooperation in the field of Planning

Cabinet approves MoU between India and Singapore on Cooperation in the field of Planning

Policies
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex post-facto approval to the MoU between India and Singapore on cooperation in the field of urban planning and development. The MoU was signed on 31st May 2018. The objective of the MOU is to facilitate government agencies in the Centre and States, including Municipal Bodies, to readily tap into the expertise of Singapore agencies in the areas of urban development and management and other areas, and thus help in urban rejuvenation, mission. This will also facilitate to build capacities in NITI and equip the officials with skills related to evidence based policy writing, evaluation etc. and help NITI to play the newly assigned role of a Think Tank in a more effective manner. Under this MOU, capacity buil
Centre has approved 2 projects for Haryana under RRTS: Manohar Lal Khattar

Centre has approved 2 projects for Haryana under RRTS: Manohar Lal Khattar

Policies, Politics
The Centre has approved two projects for Haryana under the Regional Rapid Transit System (RRTS), including one to connect Delhi with Panipat via Sonipat, Chief Minister Manohar Lal Khattar said today. The other project will connect Delhi with Alwar in Rajasthan via Gurgaon and Manesar in Haryana, he told reporters at the Modern Industrial Estate Metro station after the inauguration of the Delhi Metro's Mundka-Bahadurgarh line by Prime Minister Narendra Modi. Khattar thanked Modi and said the central government has given many projects to the state which shows "special affection of the PM towards Haryana". The chief minister said a cost of Rs 2,028 crore was incurred on the 11.2-km stretch, the foundation of which was laid on February 2, 2013. "It will not only benefit about 1.5 ...
DAC approves Equipment Acquisition proposals for Defence forces worth over Rs 5500 Crore

DAC approves Equipment Acquisition proposals for Defence forces worth over Rs 5500 Crore

Policies, Politics
The Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt Nirmala Sitharaman, met here today and accorded approval for the procurement of equipment for the Defence Forces valued at over Rs 5500 crore. Pursuing the goal of indigenisation and self-reliance in the field of Defence Procurements, the DAC approved procurement of 12 High Power Radars for the Indian Air Force under ‘Buy (Indian) IDDM’ category. The radars will provide long range medium and high altitude radar cover with the capability to detect and track high speed targets following parabolic trajectories. Technologically superior, the radars will have the capability to scan 360o without mechanical rotation of Antenna and will operate on 24 x 7 basis with minimal maintenance requirement. Their procurement will enhance t
New Benami Transactions Informants Reward Scheme, 2018 launched by the Income Tax Department

New Benami Transactions Informants Reward Scheme, 2018 launched by the Income Tax Department

Policies
To get people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion It was found in many cases that black money was invested in properties in the names of others, even though benefits were enjoyed by the investor concealing his beneficial ownership in his tax returns. The Government had earlier amended Benami Property Transactions Act, 1988, by Benami Transactions (Prohibition) Amendment Act, 2016 to make the law stronger. With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax Department. This reward scheme is aimed at encouraging people t
Revised Income Tax Informants Reward Scheme issued by Income Tax Department

Revised Income Tax Informants Reward Scheme issued by Income Tax Department

Policies
With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and reduce tax evasion, a new reward scheme titled “Income Tax Informants Reward Scheme, 2018” has been issued by the Income Tax Department, superseding the earlier reward scheme issued in 2007.             Under the revised scheme, a person can get reward up to Rs. 50 lakh for giving specific information in prescribed manner to the designated officers of Investigation Directorates in Income Tax Department about substantial evasion of tax on income or assets in India which are actionable under the Income-tax Act, 1961. Further, Government of India had earlier introduced Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, in order to inv
MSME’s Sector would lead the current consolidation phase of the economy : Jaitley

MSME’s Sector would lead the current consolidation phase of the economy : Jaitley

Policies
Terming the MSME sector the backbone of the economy, Finance Minister Arun Jaitley said the sector would lead the current consolidation phase of the economy. “Having gone through a series of very major structural reforms in the past two years, now [this] also is a phase for consolidation as far as the economy is concerned. And this phase of consolidation will also be led by the MSME sector,” he said after unveiling CriSidEx, the first sentiment index for micro and small enterprises. He added that there had been increased integration of the sector into the formal economy.
NHPS will create jobs and increase accountability: Amitabh Kant

NHPS will create jobs and increase accountability: Amitabh Kant

Policies
NITI Aayog CEO Amitabh Kant has said National Health Protection Scheme covering 50 crore people, will not only increase coverage but fundamentally strengthen the health sector. Commenting on the General Budget, Kant said that NHPS will create lakhs of jobs and increase accountability in public health system. He futher said that Ayushman Bharat scheme will be paperless, cashless and portable countrywide and ensure One India, One Treatment. NITI Aayog will establish a National Programme for Artificial Intelligence to direct government efforts in research and development and its applications.